Market Overview

Morgan Stanley Asia-Pacific Fund, Inc. Announces Final Results of Tender Offer


Morgan Stanley Asia-Pacific Fund, Inc. (NYSE: APF) announced today that, in accordance with its tender offer for up to 1,084,594 of its issued and outstanding shares of common stock, which expired on November 14, 2011, the Fund has accepted 1,084,594 shares for payment on November 22, 2011 at $16.32 per share, which is equal to 98 percent of the Fund's net asset value per share as of the close of regular trading on the New York Stock Exchange on November 15, 2011. The 1,084,594 shares represent 5 percent of the Fund's outstanding shares. A total of 11,026,230 shares were properly tendered and not withdrawn by November 14, 2011, the final date for withdrawals. Therefore, on a pro rated basis, approximately 9.05 percent of the shares so tendered by each tendering stockholder have been accepted for payment.

Posted-In: News Offerings


Related Articles (APF)

View Comments and Join the Discussion!

Partner Center